Financial professionals using Thomson Reuters flagship desktop can now integrate their internal and partner applications through the launch of its Side by Side Integration API. Together with App Studio, Eikon’s third-party developer suite, users can extract even greater value from Eikon through a more seamless workflow on a single desktop.
The new API is designed to meet the changing needs of financial professionals as they use an ever-expanding number of applications from different providers to reflect individual needs and market segments. Empowering professionals to work efficiently between the different tools they use helps save time previously spent entering the same information in multiple, isolated applications. Side by Side Integration can connect any financial application on the desktop to Eikon, helping users move seamless between different tasks in their workflow. For example, in one click, a buy-side professional can connect Eikon news, charts, and real time applications with other applications on their desktop.
“Allowing the integration of Thomson Reuters news and data with other applications on a single open platform offers our customers a customized, time-saving, and seamless workflow solution.” said Debra Walton, managing director, customer proposition, Thomson Reuters. “Leveraging our Eikon and Elektron platforms in the FinTech community gives us the ability to deliver quality solutions to financial markets. We are also delighted to be working with OpenFin as one of new FinTech partners in this effort.”
Side by Side Integration allows for external applications to hook into the communications network that Eikon apps use to exchange information. Examples include Instrument Identifiers, Portfolio, or Trade Orders that can be passed between applications.
With Side by Side Integration, partners in the fintech industry could expand the value of their targeted propositions through seamless workflows for users in an open environment. For example, Side by Side Integration makes Eikon interoperable with the OpenFin common operating layer for desktop applications, enabling easy context sharing between Eikon and all desktop applications that run using OpenFin.
“It’s vital in the financial industry to encourage interoperability, especially so on the desktop. Better connectivity across apps and services, as aided by the Side by Side Integration, makes for time-savings, productivity improvements and corresponding financial gains,” said Mazy Dar, CEO, OpenFin. “Side by Side Integration expands and empowers this trend of interoperability. OpenFin is the first platform to integrate with the Side by Side Integration API, connecting hundreds of apps to Eikon’s powerful desktop in one fell swoop, which fits perfectly with our mission."
Thomson Reuters Eikon is a powerful and intuitive next-generation open platform solution for consuming real-time and historical data, enabling financial markets transactions and connecting with the financial markets community. Its award-winning news, analytics and data visualization tools help its users make more efficient trading and investment decisions across asset classes and instruments including commodities, derivatives, equities, fixed income and foreign exchange. Eikon is a leading desktop and mobile solution that is open, connected, informed and intelligent.
The API is available through the Thomson Reuters Developer Portal. With over 20,000 external developers using APIs across all Thomson Reuters business segments, the Thomson Reuters Developer Community Portal is an enhanced developer experience, designed and built by developers for developers to meet ongoing business challenges. More information is available here, including a link to a recent webinar introducing SxS.
Side-by-Side API and the Developer Community are just two of several ways Thomson Reuters delivers open systems and solutions for the financial community. App Studio - Eikon’s app development suite - enables clients and vendors to embed their applications, content and workflows into Thomson Reuters Eikon, creating an integrated end-to-end solution.